2006 Louisiana Laws - RS 3:3419 — Records required

§3419.  Records required

A.  Each warehouseman shall maintain complete, separate, and correct records and accounts pertaining to each warehouse, including, but not limited to, records and accounts of all commodities and farm products received therein and withdrawn therefrom, all unissued warehouse receipts and scale tickets issued by him, and the warehouse receipts and scale tickets returned to him and canceled by him.

B.  Each grain dealer and cotton merchant shall maintain complete, separate, and correct records, including but not limited to records of each transaction with each producer and records reflecting the grain dealer's or cotton merchant's daily position with respect to all commodity transactions.

C.  Warehousemen, cotton merchants, and grain dealers shall maintain all required records in a form acceptable to the commission for a period of five years.

D.  Each warehouseman, cotton merchant, and grain dealer shall permit any officer or authorized representative of the commission to enter all locations listed on the application of such warehouseman, cotton merchant, or dealer and inspect, examine, and/or audit all contents, facilities, equipment, records, books, and accounts relating thereto.  Such inspection, examination, and/or audit may be made on any business day, during normal working hours.  The warehouseman, cotton merchant, or grain dealer shall provide the necessary assistance required for any inspection, examination, and/or audit made in accordance with this Chapter or the rules and regulations adopted pursuant hereto.

Added by Acts 1982, No. 563, §1, eff. Jan. 1, 1983; Acts 1997, No. 1034, §1.